Energy Tomorrow Blog
Posted October 10, 2013
U.S. Poised to Pass Russia as World’s Largest Petroleum Producer – and the Bakken is Helping Make That Happen
Dickinson Press: The U.S. is poised to pass Russia as the world’s top oil and gas producer, according to a new report, and North Dakota’s congressional delegation said they believe it is largely due to the state’s Bakken energy play.
Citing U.S. Energy Information Administration and International Energy Agency numbers, the Wall Street Journal reported last week that the U.S. is poised to overtake its former Cold War rival in the production of oil and natural gas sometime later this year.
Sen. Heidi Heitkamp, D-N.D., on Wednesday joined Sen. John Hoeven, R-N.D., and Rep. Kevin Cramer, R-N.D., in citing North Dakota’s booming Bakken shale play — which also spills over into Montana and the Canadian province of Saskatchewan — as a key contributing factor.
Read more: http://bit.ly/GIcFSK
Posted October 9, 2013
A tactic used by ethanol backers trying to defend the relatively defenseless Renewable Fuel Standard (RFS) is attempting to frame the RFS debate as one between America’s oil and natural gas companies and renewable energy.
That’s faulty for a couple of important reasons. First, we’re Big Ethanol’s biggest customers, buying billions of gallons a year, as a useful additive in E10 gasoline. Second, our companies are for renewables, not against them, investing $81 billion in renewables and carbon-reduction efforts to reduce greenhouse gas emissions between 2000 and 2012 – nearly as much as all other U.S. industries ($91 billion) and more than the federal government ($80 billion).
Posted October 2, 2013
California Can Protect the Environment While Sharing in a Financial Bonanza
The Globe and Mail: Hydraulic fracturing — fracking — has been used to extract oil and natural gas from shale rock for decades. But technological improvements in recent years have made the process far more efficient. It’s expanded use in states like North Dakota, Texas, Ohio, Pennsylvania and Colorado has sparked an energy revolution that is pushing the United States toward energy independence. It has also sparked major controversy over environmental concerns, nowhere more so than in California. On Sept. 20, Gov. Jerry Brown signed legislation regulating fracking. In this essay below, Colorado Gov. John Hickenlooper, like Brown an environmentally oriented Democrat, makes the case that energy development and environmental protection are not mutually exclusive.
A 21st-century oil and natural gas industry in Colorado is recognizing that more rigorous regulations translate into broader citizen acceptance. This evolution, and the joining of innovations like horizontal drilling with long-accepted practices like hydraulic fracturing, is moving America toward energy independence.
In the process, we are improving the quality of the air, as well as beginning to fight back against climate change. Colorado has a proud history of leadership and innovation in the deployment of clean energy technologies. We have laws in place that require utilities to produce as much as 30 percent of their electricity from renewable sources by 2020.
Read more: http://bit.ly/GzZbrG
Posted September 23, 2013
Manage Risk, Reap Reward: With Good Rules, Fracking for Natural Gas and Oil Can Be Safe, Profitable
The Columbus Dispatch: When a former U.S. energy secretary tells a Columbus audience that hydraulic fracturing to extract oil and natural gas from shale formations can be done in a clean, safe way, that it’s all a matter of fixing errors in the process, that should inspire confidence.
And that’s obviously great news for Ohio, which has started to benefit economically from advances in this extraction process. Because of the newly accessible supply of natural gas, consumers have seen the cost come down after spiking in 2008, and prices could stay in the current range for decades.
Steven Chu, energy secretary under President Barack Obama from 2009 until this past April and now a Stanford University physics professor, was the keynote speaker on Tuesday at a conference by America’s Natural Gas Alliance. He called it a “false choice” to say that the U.S. has to choose between the environment and inexpensive natural gas.
Read more: http://bit.ly/16tlbKE
Posted September 20, 2013
Encouraging words on shale development via hydraulic fracturing this week from former Interior Secretary Ken Salazar and former Energy Secretary Steven Chu.
First Salazar, who as Interior boss was the lead federal official on access to U.S. onshore and offshore oil and natural gas reserves. From coverage of Salazar at the Domenici Public Policy Conference in Las Cruces, N.M., by the Las Cruces Sun-News:
"(Hydraulic fracturing) is creating an energy revolution in the United States alone," Salazar said. He recognized the concerns many environmentalists have with the process, often called fracking, that pumps high-pressured water into holes drilled in the ground to extract gas and oil. Environmentalists are concerned the process contaminates water and air quality, along with other environmental impacts. "I would say to everybody that hydraulic fracking is safe," Salazar said.
Posted September 13, 2013
Posted September 10, 2013
Let the numbers sink in from a new T2 and Associates study that details the oil and natural gas industry’s investments in technologies to reduce greenhouse gas (GHG) emissions starting with $81 billion – industry’s investment in GHG mitigation technologies between 2000 and 2012.
Posted September 9, 2013
If California Gets Its Act Together on Fracking, An Economic Boom Awaits
Forbes: Alex Epstein -- I live in California, a state where our government is practically bankrupt, businesses are fleeing, and 1.6 million citizens are unemployed. To say the least, our state needs an economic breakthrough.
Fortunately, we are on the verge of one. The state that gave birth to Silicon Valley has the opportunity to become Energy Valley, thanks to a miraculous technology that turns stone into oil.
That technology is called shale oil technology. Governor Brown calls it “an opportunity we can’t miss” because it can single-handedly turn our economy around.
Read more: http://onforb.es/17LLAYn
Posted August 29, 2013
With the proviso that we’re still evaluating proposed new federal standards for offshore oil and natural gas production systems announced last week, the incorporation of a number of industry standards in the proposal is encouraging.
The 149-page proposal from the Bureau of Safety and Environmental Enforcement (BSEE) would update standards that haven’t been changed much since they were first published in 1988.
Posted August 26, 2013